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Unclaimed

5 Ormsby Street, Temuka

Timaru District

Negotiation

  • 3
  • 1
  • 4
  • 133m²
  • 1,012 m²
  • House

Your opportunity awaits on Ormsby

Situated in a prime location in Temuka, just a short distance from local amenities, schools and the Domain this property has so much to offer and is sure to tick plenty of boxes! Offering three bedrooms and one bathroom, the home features a welcoming open plan kitchen, living and dining area, creating a great space for everyday living and entertaining. The lounge flows seamlessly outdoors, making it easy to enjoy the outdoor surroundings and extend your living space during the warmer months. Set on a generous 1,012m2 section, with a 133m2 floor area, there is plenty of room both inside and out. Comfort is well taken care of with a heat pump, wood burner and HRV system, keeping the home comfortable throughout the seasons. Outside the property really shines also, Featuring an impressive four car garage, two carports and an abundance of off street parking, there is no shortage of space for vehicles, trailers, extra storage or those needing room for hobbies and projects. Whether you're a first home buyer, growing family, investor or looking to upsize, 5 Ormsby Street offers plenty of options and room to make it your own. With its sought after location, generous section and impressive garaging, this is a property well worth your attention!

OwnBetter estimate
$495k
Medium confidence

We estimate it would sell for $495,000 as at 5 October 2026, in a range of $444,000 to $563,000.

Typical home in Temuka
$479k
The median of our estimates of its 2,149 homes
How we worked this out
Council valuation, Sept 2023$480,000
Market movement in Timaru District since the council valuation+4.2%
Apartments and houses in Timaru District−0.1%
How Temuka sells against council values+2.5%
Homes of this age in Temuka−1.2%
Homes in this price range+0.2%
Land as a share of the value−0.4%
Nearby recent sales (15)−0.6%
Its own sale in 2015−1.4%
Our estimate$495,000

We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales and its own last sale have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.

My notes
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What it costs to live here

Home expense estimates

—a month, all in

Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.

Investor insights

5 Ormsby Street as a rental

Rent estimate$535/wk$460–$620 · Little evidence
Gross yield5.6%$27,820 a year on $495k
Net yield4.6%After $4,922 of costs
Cash flow+$41/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $535
Property manager
Rent, 52 weeks$27,820
Empty between tenants 2 weeks
Property management 9.2% incl. GST
Maintenance 5% of rent
Council rates this year
Landlord insurance the building
Net income before interest$22,898
Interest $346,500 at 6.00%, interest only−$20,790
Cash flow before tax+$2,108
Cash flow a week+$41
Gross / net yield on the price5.6% / 4.6%
Return on equity cash flow on the deposit, before tax1.4%
Loses money above this interest rate, before tax6.61%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 6.61%. That is 1.4% a year on a $149k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area133 m²
  • Land area1,012 m²
  • Decade built1920s
  • Bedrooms3
  • Bathrooms1
  • Parking7 car spaces
  • Property categoryUse not published
  • CouncilTimaru District
  • Valuation #24780-30100
  • Valuation date1 Sep 2023

From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.

Title and land

Order a title record
  • Title numberCB349/186
  • Title typeFreehold
  • Legal descriptionSection 296 Town of Arowhenua
Registered instrumentsChecking the register… See the title summary →

Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.

Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

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Zoning and hazards

What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.

Reading the council's maps…

What could you build here?

See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.

About Temuka

Timaru District
2,732
Properties on the rating roll
1 Aug 2025
Last council revaluation

Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.

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On Ormsby Street

This side
3 Ormsby Street7A Ormsby Street9 Ormsby Street
Other side
2 Ormsby Street4 Ormsby Street6A Ormsby Street
All 45 properties on Ormsby Street →

The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.

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